Companies in this industry are primarily engaged in manufacturing metal cutlery, nonpowered hand and edge tools, saw blades, metal kitchen utensils, and metal kitchen pots and pans. Major US companies include Blount International, Klein Tools, Lifetime Brands, LS Starrett, Snap-on, and the tools unit of Stanley Black & Decker.
Demand depends heavily on the construction and building repair industries. The profitability of individual companies depends on effective marketing and efficient production. Large companies have economies of scale in purchasing and production. Small firms can compete by making specialty products. The US industry is concentrated: the 50 largest companies account for about 70% of the revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Handtools (including wrenches, hammers, scissors, vises, clamps, screwdrivers, pliers, chisels, measuring devices, and saw blades) account for about 65% of industry revenue. Cutlery (including kitchen knives, sporting knives, razor blades, "flatware" (table knives, forks and spoons), and metal kitchen cookware accounts for about 35%.